Losses
-€44,196 in two years
The 2024 and 2025 financial years closed with a loss. 2025 was the heaviest.
INITIA
Lifetime
8 annual accounts with figures on one time axispeak €42,397 (2024)
€10,566▼ 75.1%
lowest -€41,078 (2025)
-€41,078▼ €37,960
peak €46,402 (2025)
€46,402▲ 18×
€605,190▲ 69.1%
Board3 names since 2017
2 directors and 1 other
Documentsfilings and deeds
16-03-2026137 days before the deadline
2025micro format
Gross margin from €42,397 to €10,566Loss of €41,078Equity from €2,543 to €46,402Debts from €357,874 to €605,190Investments €141,259Cash from €7,576 to €29,672
Key points
from the 2025 annual accountsTurnover
≈ €67,000 estimated
The micro format states no turnover.
Debts
€605,190 93% of the balance sheet
Suppliers 64%Taxes and wages 1%Other 35%
Of this, €393,746 falls due within a year.
Investments
€141,259 334.1 × depreciation
Green is investment, beige is depreciation.
Filings
8 annual accounts 2 late
The 2019 accounts came latest: 26 days after the end of the period.
Position in the sector
-€41,078
Lower net result than 95% of companies in architecture and engineering. Sector median €16,508 · 12,247 companies.
Checked score
Bankruptcy probability within 12 months
Financial strength
Score breakdown
Comparable companies, two years later
In July 2024, 849 companies had the same profile as INITIA has now. Each dot stands for 3 companies, two years later.
91.9%
were still trading
3.3%
stopped another way
4.7%
went bankrupt
Another 0.1% stopped without a precise date, possibly only after those two years.
Test of the method
The method was tested on the 497,331 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 2.9% | 3.1% |
| 10 | 5.6% | 6.1% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 849 companies, not a prediction for INITIA. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
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Signals
Board and ownership
Director, since 16-06-2017
Director, since 16-06-2017
- 62 sharesdeed of 20-06-2017
- 62 sharesdeed of 20-06-2017
- 62 sharesdeed of 20-06-2017
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0676907669
Company renamed to INITIA
Registered office moved from Limont to Liège · New name: INITIA · New registered office: Rue des Vennes, 312/001, 4020 Liège · General meeting of 19-04-2023 · Gazette deed
Registered office moved from Liège to Limont
New registered office: rue de Liège, 52 à 4357 Limont · Previous registered office: rue des Vennes 312/001 à 4020 Liège · General meeting of 02-07-2021 · Gazette deed
Resignation: (director)
Director discharge: · General meeting of 13-03-2020 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| INITIA Liège | €651,591 | €10,566 | 7.1% | - |
| A27 BUREAU D'ARCHITECTES Jalhay | €445,524 | €13,740 | 32.5% | - |
| TRINVEST architecten Antwerp | €437,119 | €16,179 | 89.3% | - |
| Ir. Architect Stijn Wille Lede | €421,703 | €10,598 | 76.5% | - |
| Studio CNPL Sint-Gillis (bij-Brussel) | €499,210 | €16,454 | 3.9% | - |
| Ipsacon Meerhout | €385,697 | €8,995 | 83.9% | - |
| DEA Lab Architecture Etterbeek | €377,599 | €7,062 | 4.9% | - |
These companies have the same main activity as INITIA: activities of building architects (NACE 71111). They are comparable in size and age: total assets between €378,000 and €499,000, founded between 2014 and 2019.
Official details
Source: KBO- Status
- Active since 16-06-2017Normal situation
- Registered office
- 11 active companies are registered at this address1 started in the 12 months before. Source: KBO register, as of 12 November 2026.
- Activity
- Activities of building architectsNACE 71111
- Establishment unit
- 2.267.127.5504020 Liège, since 16-06-2017
- Financial year end
- 31 December
- Peppol
- Reachable since 15-12-2025
Annual accounts 2025
- €651,591▲ 80.8%
- Employeeson 31-12-2025
- 2▲ 100%
- Filing
- Filed on 16-03-2026, 137 days before the end of the filing period
Insights on INITIA
INITIA files the micro format. That format states no turnover. The gross margin rose from €5,979 in 2018 to €10,566 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about INITIA
- What is the company number of INITIA?
- The company number of INITIA is 0676.907.669. The VAT number is the same number with BE in front: BE 0676.907.669.
- Where is INITIA based?
- The registered office is at Rue des Vennes 312, 4020 Liège.Company details
- What does INITIA do?
- According to the KBO register, the main activity is activities of building architects (NACE 71111).
- What is the legal form of INITIA?
- INITIA is a private limited company (BV).
- When was INITIA founded?
- INITIA was founded on 16-06-2017.
- Is INITIA still active?
- Yes, INITIA is an active enterprise in the KBO register.
- How many employees does INITIA have?
- INITIA had an average of 1.2 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- What is the turnover of INITIA?
- The turnover in financial year 2025 is ≈ €67,000. This figure is estimated from the gross margin of €10,566 and 48 comparable companies (NACE 71111). It probably lies between €35,000 and €120,000. It is a rough estimate.
- Is INITIA profitable?
- In financial year 2025, INITIA made a loss of €41,078.
- Where can I find the annual accounts of INITIA?
- INITIA filed 8 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of INITIA due?
- INITIA must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
Work out how much credit to give this customer and on what payment terms.Credit check Check what to know before you do business with this company.Supplier due diligence Check whether you can trust this company with building work.Contractor check Check whether you can accept this company as a client under the anti-money-laundering law.AML client file Check which of your other customers you can e-invoice via Peppol.Peppol check Compare this company with its sector.Sector benchmark
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